Stock market returns 1.26 WtD amidst renewed buy interest

The Nigerian stock market last week closed on a positive note, occasioned by renewed buy interests in equities by smart investors.

The All Share Index and the Market Capitalisation grew week on week by 1.26% to close at 48,154.65 points and N26.229 trillion respectively.

An aggregate of 839.98 million units of shares were traded in 16,183 deals, valued at N12.42 billion.

The Market Breadth closed positive as 37 equities emerged as gainers while 25 equities declined in their share prices.

TOP 10 GAINERS

Thomas Wyatt led other gainers in the course of last week with 22.22% to close at N0.44 from the previous close of N0.36.

PZ, NPF Microfinance Bank, Wema Bank and UACN grew their share prices by 14.74%, 14%, 11.73% and 10.53% respectively.

Others among top 10 gainers include: Ardova (9.71%), NEM (9.22%), UPDC Real Estate Investment Trust (9.09%), Chams Plc (9.09%) and Courteville (8.70%) respectively.

TOP 10 LOSERS

Beta Glass led other price decliners as it shed 9.90% of its share price to close at N39.6 from the previous close of N43.95.

SCOA, Redstar Express, Nigerian Breweries and Honeywell shed their share prices by 9.40%, 9.25%, 8.07% and 7.46% respectively.

Others among top 10 price decliners include: Japaul Gold (-6.90%), RT Briscoe (-6.90%), Cornerstone (-5.88), Geregu Plc (-5.68%) and Caverton (-5.68%) respectively.

Source: Stock market returns 1.26 WtD amidst renewed buy interest – StocksWatch (stocksng.com)

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